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On Thursday, European stocks started higher because a fresh batch of corporate earnings reports was closely watched. Traders also paid attention to the final data on euro zone inflation.
The EURO STOXX 50 tacked on 0.39%, France’s CAC 40 gained 0.41%, Germany’s DAX 30 added 0.44%.
As for financial stocks, they mostly gained, as French lenders Societe Generale as well as BNP Paribas rallied 0.09% and 0.17% respectively. Meanwhile, Germany's Commerzbank and Deutsche Bank soared 0.97% and 1.44% respectively.
Meanwhile, peripheral lenders, including Spanish banks Banco Santander and BBVA earned respectively 0.38% and 0.61%. In Italia, Intesa Sanpaolo and Unicredit definitely underperformed, with equities down 0.53% and 0.72% respectively.
FTSE 100 tacked on 0.2% higher in London, backed by 3i, whose equities gained 3.40% after the company posted a total return sag to £655 million for the six months by September 30 versus £1 billion in the same period of the previous year.
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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